6/6/24 SCCRTC - Part 6 - Measure D Capacity + Commissioner Questions and Discussion

The simple version - due to higher than expected construction costs and overruns there is not enough money in the Measure D funding pot remaining to finish the trail or maintain it.The Monterey Bay Sanctuary Scenic Trail Network (MBSST) aims to create a 50-mile bicycle and pedestrian trail, with 32 miles forming the Coastal Rail Trail. Measure D funds, accounting for 17% of revenues, are allocated to this trail's construction and maintenance. However, the estimated $174 million in Measure D funds over 30 years is insufficient. At an April 2024 RTC meeting, it was revealed that only $97 million in Measure D funds remain, with a significant portion requiring bonding (borrowing ahead of the actual funds being available), reducing available funds to $58 million. To fully fund the project, RTC directed staff to pursue cost reductions and additional funding, acknowledging that even with proposed measures, the funding for segments 8 through 11 remains inadequate without new funding sources or significantly reduced costs.06/06/06 SCCRTC Meeting notesAgenda Packethttps://www.sccrtc.org/wp-content/uploads/2024/06/2024-06-06-RTC-agenda-packet.pdfAll Agenda and Handoutshttps://www.sccrtc.org/meetings/regional-transportation-commission/agendas/Original Video from Community TVhttps://www.youtube.com/watch?v=lPLSlv9pDKY&list=PLo9N9AsVOVvRZ52uJW8KW1xLX7iizMk85PDFs of Specific Agenda Items (smaller file sizes, limited to a single item)https://drive.google.com/drive/folders/1aNf2I-ZRW-CFjTM_u-HSQGXzOiA-ML1g?usp=sharing